Eagle Hammock Community Development District

Meeting Agenda June 13, 2024

Eagle Hammock
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
June 6, 2024

Board of Supervisors Eagle Hammock
Community Development District

Dear Board Members:

A meeting of the Board of Supervisors of the Eagle Hammock Community Development District will be held on Thursday, June 13, 2024 at 10:00 AM at the Offices of Highland Homes, 3020 S. Florida Ave., Suite 101, Lakeland, FL 33803.

Zoom Video Join Link: https://us06web.zoom.us/j/82116996354
Call-In Information: 1-646-876-9923
Meeting ID: 821 1699 6354
Following is the advance agenda for the meeting:

Board of Supervisors Meeting

Roll Call
Public Comment Period (1Speakers will fill out a card and submit it to the District Manager prior to the beginning of the meeting)
Organizational Matters
Acceptance of Letter of Resignation from Joel Adams
Appointment to Fill Board Seat #1
Administration of Oath to Newly Appointed Supervisor
Consideration of Resolution 2024-03 Appointing an Assistant Secretary
Approval of Minutes of the April 11, 2024 Board of Supervisors Meeting
Presentation of Fiscal Year 2023 Audit Report
Staff Reports
Attorney
Engineer
Field Manager’s Report (to be provided under separate cover)
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Presentation of Number of Registered Voters—136
Other Business
Ethics Training
Supervisors Requests and Audience Comments
Adjournment

1 Comments will be limited to three (3) minutes

Section III

Section A
On Apr 11, 2024, at 10:29 AM, Joel Adams <j.adams@highlandhomes.org> wrote:
Jill

Please consider this email my formal notification that am resigning from the following CDD boards, effective today:

Cypress Ridge CDD
East 547 CDD
Yarborough Lane CDD
Eagle Hammock CDD

Thank you for your assistance during my time served. Regards,
Joel Adams

Section D
RESOLUTION 2024-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE EAGLE HAMMOCK COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT, AND PROVIDING FOR AN EFFECTIVE DATE
Whereas, the Eagle Hammock Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, pursuant to Chapter 190, Florida Statutes, the Board of Supervisors (“Board”), shall organize by electing one of its members as Chair and by electing an Assistant Secretary, and such other officers as the Board may deem necessary.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE EAGLE HAMMOCK COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.	DISTRICT OFFICERS. The following persons are elected to the offices
shown:

Assistant Secretary		

SECTION 2.	CONFLICTS. All Resolutions or parts of Resolutions in conflict herewith are hereby repealed to the extent of such conflict.

SECTION 3.	EFFECTIVE DATE. This Resolution shall become effective immediately upon its adoption.
Passed and adopted this 13th day of June 2024

ATTEST:	EAGLE HAMMOCK COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

MINUTES
MINUTES OF MEETING EAGLE HAMMOCK
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Eagle Hammock Community Development District was held on Thursday, April 11, 2024 at 10:00 a.m. at the Offices of Highland Homes, 3020 S. Florida Ave., Suite 101, Lakeland, Florida.

Present and constituting a quorum were:

Milton Andrade	Chairman
Brian Walsh	Vice Chairman
Jeff Shenefield	Assistant Secretary
Garret Parkinson	Assistant Secretary Also, present were:
Jill Burns	District Manager, GMS
Roy Van Wyk	District Counsel, Kilinski Van Wyk
Chris Loy	District Counsel, Kilinski Van Wyk
Rodney Gadd by Zoom	District Engineer, Hunter Engineering
Allen Bailey	Field Manager, GMS

The following is a summary of the discussions and actions taken at the April 11, 2024 Eagle Hammock Community Development District’s Regular Board of Supervisor’s Meeting.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order. There were four Board members present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
There were no members of the public present at this time and no members of the public joining via Zoom.

THIRD ORDER OF BUSINESS	Approval of Minutes of the August 10,
2023 Board of Supervisors Meeting

Ms. Burns presented the minutes from the August 10, 2023 Board of Supervisors meeting. Ms. Burns asked for any questions, comments, or corrections to those minutes. The Board had no changes to the minutes.

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-01
Approving the Proposed Fiscal Year 2024/2025 Budget (Suggested Date: July 11, 2024) and Setting the Public Hearing on the Adoption of the Fiscal Year 2024/2025 Budget
Ms. Burns presented the resolution to the Board and noted that this kicks off the budget process and set the cap amount. The proposed date for the public hearing is July 11, 2024. She highlighted that the proposed amount is $1,435.05. They kept it as low as possible for the current year with no reserve transfer due to the significant increase from the prior year because of the deficit finding agreement that had previously been in place. This budget shows a $100 per lot increase. No notice is required. It is proposing an increase, but it is not increasing beyond the previously noticed amount. This resolution approves the preliminary budget setting the public hearing for July 11, 2024, the regularly scheduled meeting.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-02
Designating a Date, Time, and Location for a Landowners’ Meeting and Election (November 5, 2024)
Ms. Burns presented the resolution to the Board and noted that the Landowners’ election meeting will be held on the first Tuesday in November by Florida statute making the meeting date November 5, 2024 at 1:00 p.m. at the Holliday Inn in Winter Haven, Florida.

SIXTH ORDER OF BUSINESS	Consideration of 2024 Non-Ad Valorem
Contract Agreement with Polk County Property Appraiser
Ms. Burns stated this is the annual renewal of the required agreement and asked for a motion of approval.

SEVENTH ORDER OF BUSINESS	Ratification of 2024 Data Sharing and
Usage	Agreement	with	Polk	County Property Appraiser
Ms. Burns noted that this has already been executed and that she is just looking for a ratification from the Board.

EIGHTH ORDER OF BUSINESS	Ratification of Proposal for Arbitrage
Services for Series 2022 Project Bonds from AMTEC
Ms. Burns stated that this was executed by the Chair outside of the meeting and it totals
$400 a year. She is now asking for ratification from the Board.

NINTH ORDER OF BUSINESS	Presentation and Approval of Arbitrage
Rebate Report for Series 2022 Project Bonds from AMTEC
Ms. Burns noted that under the internal revenue code the District is required to demonstrate that they do not earn more interest that they pay on the Bonds. On page 4 of the report that was presented to the Board there is a negative arbitrage amount listed and Ms. Burns is looking for a motion to accept those findings.

TENTH ORDER OF BUSINESS	Ratification of Acquisition Documents for
Phase 1
Ms. Burns stated that these have been executed and recorded and that she is just looking for a motion to ratify those actions from the Board.

ELEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Van Wyk wanted to follow up about the sample ballot and the voting documents are included in the agenda and are available. He will also be coming back to the Board with updated rules and procedure following the dismissal of this year’s legislative process. He also introduced Chris Loy who is a new attorney with KVW Law that will be working closely with the District.

Engineer
Mr. Gadd stated he had nothing at this time, so the next item followed.

Field Manager’s Report
Mr. Bailey presented the field manager’s report which can be found in the agenda packet. He stated that they have been straightening out street signs throughout the community. A pool inlet cover was damaged and replaced. The original pool rules sign was damaged, and a new metal sign was put in its place. The amenity pressure release valve was leaking and repaired. He reviewed the

landscaping noting that everything seems to be doing well. He offered to answer any questions. Hearing no comments, the next item followed.

District Manager’s Report
Approval of Check Register
Ms. Burns noted approval of the check register from July 1, 2023-March 29, 2024 that is included in the agenda package. The total is $338,248.40. She offered to answer any Board questions before there was a motion of approval.

Balance Sheet & Income Statement
Ms. Burns presented the financial statements through the month of February for review.
There is no action necessary from the Board.

TWELFTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.

THIRTEENTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
There being no comments, the next item followed.

FOURTEENTH ORDER OF BUSINESS	Adjournment

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section V

EAGLE HAMMOCK COMMUNITY DEVELOPMENT DISTRICT
FINANCIAL STATEMENTS
September 30, 2023

EAGLE HAMMOCK COMMUNITY DEVELOPMENT DISTRICT
FINANCIAL STATEMENTS
September 30, 2023
CONTENTS
PAGE
Independent Auditors’ Report	1-3
Management’s Discussion and Analysis	4-8
Government-wide Financial Statements:
Statement of Net Position	9
Statement of Activities	10
Fund Financial Statements:
Balance Sheet – General Fund	11
Reconciliation of Total Governmental Fund Balances
to Net Position of Governmental Activities	12
Statement of Revenues, Expenditures and Changes in
Fund Balances – General Fund	13
Reconciliation of Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds
to the Statement of Activities	14
Notes to the Financial Statements	15-25
Required Supplementary Information
Statement of Revenues and Expenditures – Budget and Actual – General Fund	26
Notes to Required Supplementary Information	27
Independent Auditor’s Report on Compliance With the Requirements of Section 218.415, Florida Statutes, Required by Rule 10.556(10) of the
Auditor General of the State of Florida	28-29
Independent Auditor’s Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements
Performed in Accordance with Government Auditing Standards	30
Auditor’s Management Letter Required by Chapter 10.550, Florida Statutes	31-33
DIBARTOLOMEO, MCBEE, HARTLEY & BARNES, P.A.
CERTIFIED PUBLIC ACCOUNTANTS

INDEPENDENT AUDITORS’ REPORT
To the Board of Supervisors
Eagle Hammock Community Development District City of Eagle Lake, Florida

Opinions
We have audited the accompanying financial statements of the governmental activities and each major fund of Eagle Hammock Community Development District, City of Eagle Lake, Florida (“District”) as of and for the year ended September 30, 2023, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2023, and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions.

2222 Colonial Road, Suite 200 Fort Pierce, Florida 34950772-461-8833  Fax: 772-461-8872 591 S.E. Port St. Lucie Blvd., Port St. Lucie, Florida 34984772-878-1952Fax: 772-878-1709
Member AICPA	Member AICPA Division for CPA Firms	Member FICPA Private Company Practice Section
WWW.DMHBCPA.NET
Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.
In performing an audit in accordance with generally accepted auditing standards, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information
because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated May 29, 2024, on our consideration of the Eagle Hammock Community Development District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, rules, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.
Report on Other Legal and Regulatory Requirements
We have also issued our report dated May 29, 2024 on our consideration of the District’s compliance with requirements of Section 218.415, Florida Statutes, as required by Rule 10.556(10) of the Auditor General of the State of Florida. The purpose of that report is to provide an opinion based on our examination conducted in accordance with attestation Standards established by the American Institute of Certified Public Accountants.

DiBartolomeo, McBee, Hartley & Barnes, P.A. Fort Pierce, Florida
May 29, 2024

Our discussion and analysis of Eagle Hammock Community Development District, City of Eagle Lake, Florida (“District”) financial performance provides an overview of the District's financial activities for the fiscal year ended September 30, 2023. Please read it in conjunction with the District's Independent Auditor's Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

FINANCIAL HIGHLIGHTS

The assets of the District exceeded its liabilities at the close of the most recent fiscal year resulting in a net position balance of $319,659.

The change in the District's total net position in comparison with the prior fiscal year was
$599,276, An increase. The key components of the District's net position and change in net position are reflected in the table in the government-wide financial analysis section.

At September 30, 2023, the District’s governmental funds reported combined ending fund balances of $649,481. The general fund balance is unassigned which is available for spending at the District’s discretion.

OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis is intended to serve as the introduction to the District's financial statements. The District's basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

Government-Wide Financial Statements

The government-wide financial statements are designed to provide readers with a broad overview of the District's finances, in a manner similar to a private-sector business.

The statement of net position presents information on all the District's assets and liabilities, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The statement of activities presents information showing how the government's net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

The government-wide financial statements include all governmental activities that are principally supported by developer contributions and special assessments. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and maintenance and operations.
Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category: governmental funds.
Governmental Funds
Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District's near-term financing requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government- wide financial statements. By doing so, readers may better understand the long-term impact of the District's near-term financing decisions.
Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balance provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.
The District maintains three individual governmental funds for external reporting. Information is presented in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund, debt service fund and capital projects fund. Both funds are major funds. The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.
Notes to the Financial Statements

The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

GOVERNMENT WIDE FINANCIAL ANALYSIS
As noted earlier, net position may serve over time as a useful indicator of an entity's financial position. In the case of the District, assets exceeded liabilities at the close of the most recent fiscal year. A portion of the District's net position reflects its investment in capital assets (e.g. land, land improvements and infrastructure). These assets are used to provide services to residents; consequently, these assets are not available for future spending. The balance of unrestricted net position may be used to meet the District's obligations.
Key components of net position were as follows:
Statement of Net Position

		2023			2022		
Current assets	$	664,263	$	194,628	
Capital assets		3,394,845 		3,393,190 	
Total assets		4,059,108 		3,587,818 	
Current liabilities	149,449	122,435	
Long-term liabilities		3,590,000 		3,745,000 	
Total liabilities		3,739,449 		3,867,435 	
Net position
Net invested in capital assets	
(250,155)	
(406,810)	
Restricted for debt service	541,818	112,947	
Restricted for capital projects	-	3,872	
Unrestricted		27,996 		10,374 	
Total net position	 $	319,659 	 $	(279,617)	
The District's net position increased during the most recent fiscal year. The majority of the change represents the degree to which program revenues exceeded the ongoing cost of operations.
Key elements of the District's change in net position are reflected in the following table:
Change in Net Position

		2023			2022		
Program revenues	$	992,113	$	109,270	
General revenues		12,519 		261 	
Total revenues		1,004,632 		109,531 	
Expenses			
General government	80,935	62,063	
Physical environment	86,599	-	
Interest on long-term debt	190,771	52,012	
Cost of issuance		-			275,073 	
Total expenses		405,356 		389,148 	
Change in net position	599,276	(279,617)	
Net position - beginning of year		(279,617)		-		
Net position - end of year	 $	319,659 	 $	(279,617)	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2023 was $405,356, which primarily consisted of costs associated with general expenditures and constructing and maintaining certain capital improvements of the District. The costs of the District’s activities were funded by developer contributions and special assessments.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2023.

The variance between budgeted and actual general fund revenues is considered significant. The actual general fund expenditures for the current fiscal year were lower than budgeted amounts due primarily to anticipated costs which were not incurred in the current fiscal year.
CAPITAL ASSETS AND DEBT ADMINISTRATION
Capital Assets

At September 30, 2023, the District had $3,394,845 invested in construction in process. Construction in process has not completed as of September 30, 2023 and therefore is not depreciated to date. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt

At September 30, 2023, the District had $3,645,000 Bonds outstanding for its governmental activities. More detailed information about the District’s capital debt is presented in the accompanying notes to the financial statements.

ECONOMIC FACTORS, NEXT YEAR'S BUDGET AND OTHER INFORMATION

For the fiscal year 2024, the District anticipates that the cost of general operations will remain fairly constant. In connection with the District's future infrastructure maintenance and replacement plan, the District Board has included in the budget, an estimate of those anticipated future costs and has assigned a portion of current available resources for that purpose.

CONTACTING THE DISTRICT'S FINANCIAL MANAGEMENT

This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District's finances and to demonstrate the District's accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact Eagle Hammock Community Development District's Finance Department at 219 E. Livingston Street, Orlando, Florida 32801.
STATEMENT OF NET POSITION
September 30, 2023

	GOVERNMENTAL
	ACTIVITIES		
ASSETS		
Cash and cash equivalents	$	5,247	
Due from developer	37,531	
Restricted assets:
Investments	
621,485	
Capital assets:
Non-depreciable	
	3,394,845 	
TOTAL ASSETS	$	4,059,108	
LIABILITIES		
Accounts payable and accrued expenses	$	14,782	
Accrued interest payable	79,667	
Bonds payable, due within one year	55,000	
Bonds payable, due in more than one year		3,590,000 	
TOTAL LIABILITIES	3,739,449	
NET POSITION		
Net investment in capital assets	(250,155)	
Restricted for:
Debt service	
541,818	
Unrestricted		27,996 	
TOTAL NET POSITION	 $	319,659 	
STATEMENT OF ACTIVITIES
Year Ended September 30, 2023

	Program Revenues	
Net (Expense) Revenues and Changes in Net
	Position	

 Functions/Programs	 Governmental activities	
	Expenses		Charges for
	Services		Operating
 Contributions 	Governmental
	Activities		
General government	$	80,935	$	80,935	$	38,712	$	38,712	
Physical environment	86,599	67,014	-	(19,585)	
Culture and recreation	47,051	47,051		-	
Interest on long-term debt		190,771 		758,401 		-			567,630 	
Total governmental activities	 $	405,356 	 $	953,401 	 $	38,712 		586,757 	

General revenues:
Investment earnings	12,369	
Miscellaneous income		150 	
Total general revenues		12,519 	
Change in net position	599,276	

Net position - October 1, 2022		(279,617)
Net position - September 30, 2023	$	319,659
BALANCE SHEET – GOVERNMENTAL FUNDS
September 30, 2023

	MAJOR FUNDS		TOTAL

ASSETS

 GENERAL 
DEBT
  SERVICE	
CAPITAL
 PROJECTS 
GOVERNMENTAL
	FUNDS	

Cash and cash equivalents	$	5,247	$	-	$	-	$	5,247	
Due from developer	37,056	-	475	37,531	
Restricted assets:					
Investments		-			621,485 		-			621,485 	
TOTAL ASSETS	 $	42,303 	 $	621,485 	 $	475 	 $	664,263 	

LIABILITIES AND FUND BALANCES

LIABILITIES
Accounts payable and accrued expenses

 $	14,307 

 $	-	

 $	475 

 $	14,782 
TOTAL LIABILITIES		14,307  	-	 	475  	14,782 

FUND BALANCES
Restricted for:
Debt service			-	621,485		-		621,485 Unassigned		27,996  		-	 	-	 		27,996 
TOTAL FUND BALANCES	27,996	621,485	-	649,481 TOTAL LIABILITIES AND
FUND BALANCES
 $	42,303 
 $	621,485 
 $	475 
 $	664,263 
RECONCILIATION OF TOTAL GOVERNMENTAL FUND BALANCES TO NET POSITION OF GOVERNMENTAL ACTIVITIES
September 30, 2023

Total Governmental Fund Balances in the Balance Sheet	$	649,481

Amount reported for governmental activities in the Statement of Net Assets are different because:
Capital asset used in governmental activities are not financial resources and therefore are not reported in the governmental funds:
Governmental capital assets	3,394,845
Certain liabilities are not due and payable in the current period and therefore are not reported in the funds:
Accrued interest payable	(79,667)
Governmental bonds payable	(3,645,000)

Net Position of Governmental Activities	 $	319,659 
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – GOVERNMENTAL FUNDS
Year Ended September 30, 2023

	MAJOR FUNDS		TOTAL
	
 GENERAL 	DEBT
  SERVICE		CAPITAL
 PROJECTS 	GOVERNMENTAL
	FUNDS		
REVENUES					
Developer contributions	$	37,057	$	-	$	1,655	$	38,712	
Special assessments	195,000	758,401	-	953,401	
Miscellaneous revenue	150	-	-	150	
Investment earnings		-			12,330 		39 		12,369 	
TOTAL REVENUES	232,207	770,731	1,694	1,004,632	
EXPENDITURES					
General government	80,935	-	-	80,935	
Physical environment	86,599	-		86,599	
Culture and recreation	47,051	-	-	47,051	
Capital outlay	-	-	1,655	1,655	
Debt
Principal	
-	
155,000	
-	
155,000	
Interest expense		-			163,116  	-			163,116 		
TOTAL EXPENDITURES	214,585	318,116	1,655	534,356		
EXCESS REVENUES OVER (UNDER) EXPENDITURES	
17,622	
452,615	39	
470,276		
OTHER SOURCES (USES)					
Transfers in (out)		-			3,911  	(3,911)		-			
TOTAL OTHER SOURCES (USES)	-	3,911	(3,911)	-	
EXCESS REVENUES OVER (UNDER) EXPENDITURES AND OTHER SOURCES (USES)	

17,622	

456,526	

(3,872)	

470,276	
FUND BALANCE					
Beginning of year		10,374 		164,959  	3,872 		179,205 		
End of year	 $	27,996 	 $	621,485   $	-		 $	649,481 		
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
Year Ended September 30, 2023

Net Change in Fund Balances - Total Governmental Funds	$	470,276

Amount reported for governmental activities in the Statement of Activities are different because:
Governmental funds report capital outlays as expenditures. However, in the Statement of Activities, the costs of those assets are depreciated over their estimated useful lives:
Capital outlay	1,655
Repayment of long-term liabilities are reported as expenditures in the governmental fund financial statements, but such repayments reduce liabilities in the Statement of Net Position and are eliminated in the Statement of Activities:
Payments on long-term debt	155,000
Certain items reported in the Statement of Activities do not require the use of current financial resources and therefore are not reported expenditures in the governmental funds:
Change in accrued interest payable	(27,655)

Change in Net Position of Governmental Activities	 $	599,276 

NOTE A- NATURE OF ORGANIZATION AND REPORTING ENTITY
Eagle Hammock Community Development District ("District”) was created on March 7, 2022 by the City Commission of the City of Eagle Lake, Florida Ordinance No. 0-22-08 pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.
The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.
The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected on an at large basis by the landowners of the property owners within the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes.
The Board has the responsibility for:
Assessing and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing Improvements.
The financial statements were prepared in accordance with Governmental Accounting Standards Board ("GASB") Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District Board of Supervisors is considered to be financially accountable, and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements. The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Government-Wide and Fund Financial Statements (continued)

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment. Operating-type special assessments for maintenance and debt service are treated as charges for services and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other Items not included among program revenues are reported instead as general revenues.

Measurement Focus, Basis of Accounting and Financial Statement Presentation

The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the economic financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period.

Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.
Assessments
Assessments are non-ad valorem assessments on benefitted property within the District. Operating and Maintenance Assessments are based upon adopted budget and levied annually at a public hearing of the District. Debt Service Assessments are levied when Bonds are issued and assessed and collected on an annual basis. The District may collect assessments directly or utilize the uniform method of collection (Chapter 197.3632, Florida Statutes). Direct collected assessments are due as determined by annual assessment resolution adopted by the Board of Supervisors. Assessments collected under the uniform method are mailed by County Tax Collector on November 1 and due on or before March 31 of each year. Property owners may prepay a portion or all of the Debt Service Assessments on their property subject to various provisions in the Bond documents.

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Measurement Focus, Basis of Accounting and Financial Statement Presentation (continued)

Assessments (continued)

Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

The District reports the following major governmental funds: General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.

When both restricted and unrestricted resources are available for use, it is the government's policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

Debt Service Fund

The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest of long-term debt.

Capital Projects Fund
The capital projects fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure with the District.
Assets, Liabilities and Net Position or Equity
Restricted Assets
These assets represent cash and investments set aside pursuant to contractual restrictions. Deposits and Investments
The District's cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Assets, Liabilities and Net Position or Equity (continued)

The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section 218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:
The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.
Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, surplus funds may be deposited into certificates of deposit which are insured.
The District records all interest revenue related to investment activities in the respective funds and reports investments at fair value.
Inventories and Prepaid Items
Inventories of governmental funds are recorded as expenditures when consumed rather than when purchased.
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

Capital Assets

Capital assets, which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government- wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of one year. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair market value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Assets, Liabilities and Net Position or Equity (continued)
Capital Assets (continued)
In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.
Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.
Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.
In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.
Deferred Outflows/Inflows of Resources
The statement of net position reports, as applicable, a separate section for deferred outflows of resources. Deferred outflows of resources represent a consumption of net position that applies to future reporting period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until that time. For example, the District would record deferred outflows of resources related to debit amounts resulting from current and advance refundings resulting in the defeasance of debt (i.e. when there are differences between the reacquisition price and the net carrying amount of the old debt).
The statement of net position reports, as applicable, a separate section for deferred inflows of resources. Deferred inflows of resources represent an acquisition of net position that applies to future reporting period(s) and so will not be recognized as an inflow of resources (revenue) until that time. For example, when an asset is recorded in the governmental fund financial statements, but the revenue is not available, the District reports a deferred inflow of resources until such times as the revenue becomes available.

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Assets, Liabilities and Net Position or Equity (continued)

Fund Equity/Net Position

In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

Committed fund balance - Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.

Assigned fund balance - Includes spendable fund balance amounts that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board can assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year's appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements are categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted net position represents the assets restricted by the District’s Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components.

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Other Disclosures
Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates.

NOTE C - BUDGETARY INFORMATION
The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year end.
The District follows these procedures in establishing the budgetary data reflected in the financial statements.
Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
Public hearings are conducted to obtain public comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriation for annually budgeted funds lapse at the end of the year.

NOTE D – DEPOSITS AND INVESTMENTS

Deposits

The District's cash balances, including certificates of deposit, were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

NOTE D – DEPOSITS AND INVESTMENTS (CONTINUED)
Investments
The District’s investments were held as follows at September 30, 2023:

		Investment		 Fair Value		 Credit Risk 			Maturities	 Money Market Mutual Funds - First						Weighted average of the
American Government Obligation CL D $	621,485 	S&P AAAm	fund portfolio: 24 days
Total Investments	 $	621,485 

Custodial credit risk - For an investment, custodial credit risk is the risk that, in the event of the failure of the counterparty, the District will not be able to recover the value of the investments or collateral securities that are in the possession of an outside party. The District has no formal policy for custodial risk. The investments listed in the schedule above are not evidenced by securities that exist in physical or book entry form.
Credit risk - For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments.
Concentration risk - The District places no limit on the amount the District may invest in any one issuer.
Interest rate risk - The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.
Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.
These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
Level 1: Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs – other than quotes market prices – are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.

NOTE D – DEPOSITS AND INVESTMENTS (CONTINUED)

Investments (continued)

The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.

NOTE E – CAPITAL ASSETS

Capital asset activity for the fiscal year ended September 30, 2023 was as follows:

Governmental activities:
Balance
 10/01/2022    Increases	  Decreases 
Balance
  09/30/2023 
Capital assets, not being depreciated:
Construction in progress
Total capital assets, not being
 $ 3,393,190 
 $	1,655 
 $	-	
 $ 3,394,845 
depreciated		3,393,190  	1,655  	-	 	3,394,845 

Governmental activities capital assets - net

 $ 3,393,190 

 $	1,655 

 $	-	

 $ 3,394,845 

NOTE F – LONG-TERM LIABILITIES

$3,800,000 Special Assessment Bonds, Series 2022 – On July 8, 2022, the District issued
$3,800,000 in Special Assessment Bonds, Series 2022. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the property within the District. The Bonds are payable May 2052. The Bonds bear interest ranging from 4.375% to 5.375% payable semi-annually on the first day of each May and November. Principal is due serially each May 1, commencing May 2023. During 2023, the District made prepayments of $100,000.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District is in compliance with those requirements of the Bond Indenture at September 30, 2023.

NOTE F – LONG-TERM LIABILITIES (CONTINUED)

The following is a summary of activity in the long-term debt of the District for the year ended September 30, 2023:
Balance
Balance
Due Within

Special Assessments Bonds, Series 2022
  10/01/2022     Additions	  Deletions	 	09/30/2023	  One Year 

 $ 3,800,000   $	-	  $  155,000   $	3,645,000   $	55,000 
 $ 3,800,000   $	-	  $  155,000   $	3,645,000   $	55,000 

The annual requirements to amortize the principal and interest of bonded debt outstanding as of September 30, 2023 are as follows:

  September 30,			Principal			Interest			Total		
2024	$	55,000	$	191,619	$	246,619	
2025	60,000	189,213	249,213	
2026	60,000	186,588	246,588	
2027	65,000	183,963	248,963	
2028	70,000	181,119	251,119	
2029-2033	395,000	851,969	1,246,969	
2034-2038	505,000	739,063	1,244,063	
2039-2043	670,000	586,413	1,256,413	
2044-2048	875,000	385,656	1,260,656	
2049-2052		890,000 		122,816 		1,012,816 	
	 $ 3,645,000 	 $  3,618,419 	 $	7,263,419 	

NOTE G - MANAGEMENT COMPANY

The District has contracted with a management company to perform services which include financial and accounting advisory services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs.

NOTE H - RISK MANAGEMENT
The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; natural disasters; and environmental remediation. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. Settled claims from these risks have not exceeded commercial insurance coverage over the past three years.

NOTE I – CONCENTRATION
The Districts activity is dependent upon the continued involvement of the Developer, the loss of which could have a material adverse effect on the District operations.
STATEMENT OF REVENUES AND EXPENDITURES BUDGET AND ACTUAL – GENERAL FUND
Year Ended September 30, 2023

	VARIANCE				
	WITH FINAL				
	BUDGET				
	ORIGINAL			POSITIVE	
		BUDGET		  * BUDGET 		ACTUAL			(NEGATIVE)		
REVENUES					
Developer contributions	$ 230,807	$ 230,807	$	37,057	$	(193,750)	
Special assessments	170,950	170,950	195,000	24,050	
Miscellaneous revenue		-			-			150 		150 	
TOTAL REVENUES	401,757	401,757	232,207	(169,550)	

EXPENDITURES
Current
General government	134,260		134,260		80,935		53,325	
Physical environment	167,867		167,867		86,599		81,268	
Culture and recreation		99,630 			99,630 			47,051 			52,579 	
TOTAL EXPENDITURES	401,757		401,757		214,585		187,172	
EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	

 $	-			

 $	-			

17,622		

 $	17,622 	

FUND BALANCES								
Beginning of year		10,374 							
End of year	 $	27,996 							

* Original and final budget.
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District’s budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors, Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2023.

The variance between budgeted and actual general fund revenues is considered significant. The actual general fund expenditures for the current fiscal year were lower than budgeted amounts due primarily to anticipated costs which were not incurred in the current fiscal year.
DIBARTOLOMEO, MCBEE, HARTLEY & BARNES, P.A.
CERTIFIED PUBLIC ACCOUNTANTS

INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Board of Directors
Eagle Hammock Community Development District City of Eagle Lake, Florida
We have audited in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to the financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of Eagle Hammock Community Development District, as of September 30, 2023 and for the year ended September 30, 2023, which collectively comprise the Eagle Hammock Community Development District’s basic financial statements and have issued our report thereon dated May 29, 2024.

Internal Control Over Financial Reporting
In planning and performing our audit, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control over financial reporting.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

2222 Colonial Road, Suite 200 Fort Pierce, Florida 34950772-461-8833  Fax: 772-461-8872 591 S.E. Port St. Lucie Blvd., Port St. Lucie, Florida 34984772-878-1952Fax: 772-878-1709
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WWW.DMHBCPA.NET
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report

This report is intended solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

DiBartolomeo, McBee, Hartley & Barnes, P.A. Fort Pierce, Florida
May 29, 2024

- 29 -
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

To the Board of Directors
Eagle Hammock Community Development District City of Eagle Lake, Florida

We have examined the District's compliance with the requirements of Section 218.415, Florida Statutes with regards to the District's investments during the year ended September 30, 2023. Management is responsible for the District's compliance with those requirements. Our responsibility is to express an opinion on the District's compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the District's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the District's compliance with specified requirements.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the year ended September 30, 2023.

This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Eagle Hammock Community Development District, City of Eagle Lake, Florida and is not intended to be and should not be used by anyone other than these specified parties.

DiBartolomeo, McBee Hartley & Barnes, P.A. Fort Pierce, Florida
May 29, 2024

Management Letter
To the Board of Supervisors
Eagle Hammock Community Development District City of Eagle Lake, Florida

Report on the Financial Statements
We have audited the financial statements of the Eagle Hammock Community Development District (“District”) as of and for the fiscal year ended September 30, 2023, and have issued our report thereon dated May 29, 2024.
Auditors’ Responsibility
We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Auditor General.
Other Reporting Requirements
We have issued our Independent Auditors' Report on Internal Control over Financial Reporting and Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards and Independent Accountants' Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated May 29, 2024, should be considered in conjunction with this management letter.
Prior Audit Findings
Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. There were no findings or recommendations made in the preceding annual audit report.
Official Title and Legal Authority
Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed in this management letter, unless disclosed in the notes to the financial statements. The information required is disclosed in the notes to the financial statements.
Financial Condition and Management
Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require us to apply appropriate procedures and communicate the results of our determination as to whether or not the District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and to identify the specific condition(s) met. In connection with our audit, we determined that the District did not meet any of the conditions described in Section 218.503(1), Florida Statutes.
Pursuant to Sections 10.554(1)(i)5.b. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures for the District. It is management’s responsibility to monitor the District’s financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.
Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations.
Specific Information
As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)6, Rules of the Auditor General, the Eagle Hammock Community Development District reported:
	The total number of district employees compensated in the last pay period of the District’s fiscal year as N/A.
The total number of independent contractors to whom nonemployee compensation was paid in the last month of the district’s fiscal year as 8.
	All compensation earned by or awarded to employees, whether paid or accrued, regardless of contingency as N/A.
	All compensation earned by or awarded to nonemployee independent contractors, whether paid or accrued, regardless of contingency as $216,101.
Each construction project with a total cost of at least $65,000 approved by the District that is scheduled to begin on or after October 1 of the fiscal year being reported, the total expenditures for such project as N/A.
The District did not amend its final adopted budget under Section 189.016(6), Florida Statutes.
As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)7, Rules of the Auditor General, the Eagle Hammock Community Development District reported:
The rate or rates of non-ad valorem special assessments imposed by the District range from $650 to 1,098.
The total amount of special assessments collected by or on behalf of the District as
$953,401.
The total amount of outstanding bonds issued by the District as $3,645,000.

Additional Matters
Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance. In connection with our audit, we did not have any such findings.
Purpose of this Letter
Our management letter is intended solely for the information and use of Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, the Board of Supervisors, and applicable management, and is not intended to be and should not be used by anyone other than these specified parties.

DiBartolomeo, McBee, Hartley & Barnes, P.A. Fort Pierce, Florida
May 29, 2024

Section VI

Section C

Item will be provided under separate cover.

Section D

Section 1

Summary of Check Register

March 30, 2024 to May 31, 2024

General Fund					
	4/8/24	169-175	$	3,612.00	
	4/15/24	176	$	5,443.54	
	4/22/24	177-181	$	4,006.00	
	4/29/24	182-183	$	235.50	
	5/14/24	184-188	$	11,645.37	
	5/22/24	189-191	$	33,693.37	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/05/24	PAGE	1
*** CHECK DATES 03/30/2024 - 05/31/2024 ***	EAGLE HAMMOCK - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
4/08/24 00008	3/25/24 17405	202403 320-53800-47000	*	700.00
POND HERBICIDE MAR24
AQUATIC WEED MANAGEMENT, INC	700.00 000169
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/08/24 00030	3/21/24 QO13273	202403 330-57200-48000	*	265.00
REP PRESSURE RELIEF VALVE
CENTFLO PLUMBING, INC.	265.00 000170
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/08/24 00020	3/29/24 11974	202403 330-57200-48201	*	725.00
JANITORIAL SVCS-MAR24
CLEAN STAR SERVICES OF CENTRAL FL	725.00 000171
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/08/24 00016	4/02/24 5	202404 310-51300-49000	*	250.00
AMORT SERIES 2022 5-1-24
DISCLOSURE SERVICES LLC	250.00 000172
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/08/24 00004	4/08/24 22016	202404 320-53800-45000	*	132.00
FY24 PROPERTY INSURANCE
EGIS INSURANCE ADVISORS, LLC	132.00 000173
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/08/24 00001	2/29/24 65	202402 320-53800-48000	*	190.00
GENERAL MAINTENANCE FEB24
GOVERNMENTAL MANAGEMENT SERVICES-	190.00 000174
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/08/24 00023	4/01/24 22381	202404 330-57200-46300	*	1,350.00
POOL MAINTENANCE APR24
MCDONNELL CORPORATION DBA RESORT	1,350.00 000175
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
63	202404 310-51300-34000	*	3,091.67
MANAGEMENT FEES APR24
63	202404 310-51300-35200	*	100.00
WEBSITE ADMIN APR24
63	202404 310-51300-35100	*	150.00
INFORMATION TECH APR24
63	202404 310-51300-31300	*	416.67
DISSEMINATION SVCS APR24
63	202404 330-57200-49200	*	416.67
AMENITY ACCESS APR24
4/01/24 63	202404 310-51300-51000	*	.27
OFFICE SUPPLIES APR24
4/01/24 63	202404 310-51300-42000	*	18.26
POSTAGE APR24
4/01/24 64	202404 320-53800-34000	*	1,250.00
FIELD MANAGEMENT APR24
GOVERNMENTAL MANAGEMENT SERVICES-	5,443.54 000176
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
EHCD EAGLE HAMMOCK	CWRIGHT
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/05/24	PAGE	2
*** CHECK DATES 03/30/2024 - 05/31/2024 ***	EAGLE HAMMOCK - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
4/22/24 00012	4/11/24 BW041120 202404 310-51300-11000	*	200.00
SUPERVISOR FEE 04/11/24
BRIAN WALSH	200.00 000177
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/22/24 00013	4/11/24 GP041120 202404 310-51300-11000	*	200.00
SUPERVISOR FEE 04/11/24
GARRET PARKINSON	200.00 000178
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/22/24 00014	4/11/24 JS041120 202404 310-51300-11000	*	200.00
SUPERVISOR FEE 04/11/24
JEFFREY T SHENEFIELD	200.00 000179
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/22/24 00011	4/11/24 MA041120 202404 310-51300-11000	*	200.00
SUPERVISOR FEE 04/11/24
MILTON ANDRADE	200.00 000180
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/22/24 00010	4/01/24 12159	202404 320-53800-46200	*	2,446.00
LANDSCAPE MAINT APR24
4/01/24 12159	202404 320-53800-46200	*	760.00
AMENITY LANDSCAPE APR24
PRINCE & SONS INC.	3,206.00 000181
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/29/24 00006	4/17/24 9105	202403 310-51300-31500	*	115.50
GENERAL COUNSEL MAR24
KILINSKI VAN WYK, PLLC	115.50 000182
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/29/24 00010	4/11/24 12381	202404 320-53800-47300	*	120.00
REPLACE 6" ROTORS
PRINCE & SONS INC.	120.00 000183
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/14/24 00008	4/30/24 17530	202404 320-53800-47000	*	700.00
POND HERBICIDE APR24
AQUATIC WEED MANAGEMENT, INC	700.00 000184
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/14/24 00020	4/30/24 12203	202404 330-57200-48201	*	725.00
JANITORIAL SVCS-APR24
CLEAN STAR SERVICES OF CENTRAL FL	725.00 000185
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/14/24 00001	5/01/24 67	202405 310-51300-34000	*	3,091.67
MANAGEMENT FEES MAY24
5/01/24 67	202405 310-51300-35200	*	100.00
WEBSITE ADMIN MAY24
5/01/24 67	202405 310-51300-35100	*	150.00
INFORMATION TECH MAY24
5/01/24 67	202405 310-51300-31300	*	416.67
DISSEMINATION SVCS MAY24
EHCD EAGLE HAMMOCK	CWRIGHT
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/05/24	PAGE	3
*** CHECK DATES 03/30/2024 - 05/31/2024 ***	EAGLE HAMMOCK - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
67	202405 330-57200-49200	*	416.67
AMENITY ACCESS MAY24
67	202405 310-51300-51000	*	3.43
OFFICE SUPLIES MAY24
67	202405
POSTAGE MAY24
68	202405
FIELD MANAGEMENT MAY24
GOVERNMENTAL MANAGEMENT SERVICES-	5,479.37 000186
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/14/24 00023	1/08/24 21606	202401 330-57200-48000	*	125.00
INSTALL MISSING FLOOR COV
5/01/24 22683	202405 330-57200-46300	*	1,350.00
POOL MAINTENANCE MAY24
5/10/24 22900	202405 330-57200-48000	*	60.00
2 NEW FLOOR RETURNS
MCDONNELL CORPORATION DBA RESORT	1,535.00 000187
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/14/24 00010	5/01/24 12470	202405 320-53800-46200	*	2,446.00
LANDSCAPE MAINT MAY24
5/01/24 12470	202405 320-53800-46200	*	760.00
AMENITY LANDSCAPE MAY24
PRINCE & SONS INC.	3,206.00 000188
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/22/24 00025	4/16/24 32871	202404 330-57200-48100	*	120.00
PEST CONTROL APR24
ALL AMERICAN LAWN & TREE	120.00 000189
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/22/24 00027	5/21/24 05212024 202405 300-20700-10000	*	30,832.14
TRANSFER OF TAX RCPTS
EAGLE HAMMOCK CDD C/O US BANK	30,832.14 000190
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/22/24 00006	5/19/24 9410	202404 310-51300-31500	*	2,741.23
GENERAL COUNSEL APR24
KILINSKI VAN WYK, PLLC	2,741.23 000191
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	58,635.78
TOTAL FOR REGISTER	58,635.78

EHCD EAGLE HAMMOCK	CWRIGHT

Section 2

Eagle Hammock
Community Development District

Unaudited Financial Reporting
April 30,2024

	Table of Contents	

1	
Balance Sheet	

2-3	

General Fund	

4	

Debt Service Fund	

5	

Construction Fund	

6-7	

Month to Month	

8	

Long Term Debt Schedule	

9	

Assessment Receipt Schedule	
Combined Balance Sheet April 30, 2024

Assets:					
Operating Account	$	257,443	$	-	$	257,443	
Due From General Fund Investments:	$	-	$	30,832	$	30,832		
Series 2022					
Reserve	$	-	$	108,036	$	108,036		
Revenue	$	-	$	216,653	$	216,653		
Interest	$	-	$	1,415	$	1,415		
Prepayment	$	-	$	125,424	$	125,424		
Total Assets	$	257,443	$	482,359	$	739,802			
Liabilities:					
Accounts Payable	$	4,411	$	-	$	4,411			
Due to Debt Service	$	30,832	$	-	$	30,832			
Total Liabilities	$	35,243	$	-	$	35,243			

Fund Balances:					
Restricted for:					
Debt Service	$	-	$	482,359	$	482,359		
Unassigned	$	222,199	$	-	$	222,199		
Total Fund Balances	$	222,199	$	482,359	$	704,559		
					
Total Liabilities & Fund Balance	$	257,443	$	482,359	$	739,802		

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/24	Thru 04/30/24	Variance	

Revenues					
Assessments	$	351,000	$	351,000	$	305,316	$	(45,684)	
Developer Contributions	$	-	$	-	$	26,369	$	26,369	
Total Revenues	$	351,000	$	351,000	$	331,684	$	(19,316)	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	7,000	$	800	$	6,200	
Engineering	$	15,000	$	8,750	$	-	$	8,750	
Attorney	$	12,500	$	7,292	$	4,595	$	2,697	
Annual Audit	$	3,500	$	-	$	-	$	-	
Assessment Administration	$	5,000	$	5,000	$	5,000	$	-	
Arbitrage	$	450	$	-	$	-	$	-	
Dissemination	$	5,000	$	2,917	$	3,367	$	(450)	
Trustee Fees	$	4,020	$	-	$	-	$	-	
Management Fees	$	37,100	$	21,642	$	21,642	$	-	
Information Technology	$	1,800	$	1,050	$	1,050	$	-	
Website Maintenance	$	1,200	$	700	$	700	$	-	
Postage & Delivery	$	1,000	$	583	$	344	$	240	
Insurance	$	5,750	$	5,750	$	5,175	$	575	
Copies	$	1,000	$	583	$	-	$	583	
Legal Advertising	$	5,000	$	2,917	$	-	$	2,917	
Contingency	$	2,500	$	1,458	$	1,526	$	(68)	
Office Supplies	$	625	$	365	$	4	$	361	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative:	$	113,620	$	66,181	$	44,377	$	21,805	

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/24	Thru 04/30/24	Variance	

Operation and Maintenance					
Field Expenses					
Property Insurance	$	10,100	$	10,100	$	8,727	$	1,373	
Field Management	$	15,000	$	8,750	$	8,750	$	-	
Landscape Maintenance	$	47,500	$	27,708	$	22,442	$	5,266	
Landscape Replacement	$	10,000	$	5,833	$	-	$	5,833	
Lake Maintenance	$	8,400	$	4,900	$	4,900	$	-	
Streetlights	$	45,000	$	26,250	$	17,319	$	8,931	
Electric	$	2,500	$	1,458	$	153	$	1,305	
Water and Sewer	$	2,500	$	1,458	$	540	$	918	
Sidewalk & Asphalt Maintenance	$	2,500	$	1,458	$	-	$	1,458	
Irrigation Repairs	$	7,500	$	4,375	$	204	$	4,171	
General Field Repairs & Maintenance	$	10,000	$	5,833	$	538	$	5,296	
Contingency	$	5,000	$	2,917	$	-	$	2,917	
Subtotal Field Expenditures:	$	166,000	$	101,042	$	63,572	$	37,470	

Amenity Expenditures					
Amenity - Electric	$	8,000	$	4,667	$	3,602	$	1,064	
Amenity - Water	$	10,000	$	5,833	$	4,137	$	1,697	
Internet	$	2,000	$	1,167	$	565	$	602	
Pest Control	$	480	$	280	$	960	$	(680)	
Janitorial Service	$	12,200	$	7,117	$	5,225	$	1,892	
Security Services	$	5,000	$	2,917	$	1,332	$	1,585	
Pool Maintenance	$	16,200	$	9,450	$	9,450	$	-	
Amenity Repairs & Maintenance	$	5,000	$	2,917	$	1,343	$	1,573	
Amenity Access Management	$	5,000	$	2,917	$	2,917	$	-	
Contingency	$	7,500	$	4,375	$	-	$	4,375	
Subtotal Amenity Expenditures	$	71,380	$	41,638	$	29,531	$	12,107	
					
Total Expenditures	$	351,000	$	208,861	$	137,480	$	71,381	

Excess (Deficiency) of Revenues over Expenditures	$	-	$	194,204	
		
Fund Balance - Beginning	$	-	$	27,995	
		
Fund Balance - Ending	$	-	$	222,199	

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/24	Thru 04/30/24	Variance	

Revenues					
Assessments	$	249,270	$	195,345	$	195,345	$	-	
Assessments - Prepayment	$	-	$	-	$	236,630	$	236,630	
Interest	$	-	$	-	$	11,278	$	11,278	
Total Revenues	$	249,270	$	195,345	$	443,253	$	247,908	

Expenditures:					
Interest - 11/01	$	95,809	$	95,809	$	95,809	$	-	
Interest - 02/01	$	-	$	-	$	1,569	$	(1,569)	
Principal - 05/01	$	55,000	$	-	$	-	$	-	
Interest - 05/01	$	95,809	$	-	$	-	$	-	
Special Call - 11/01	$	-	$	-	$	365,000	$	(365,000)	
Special Call - 02/01	$	-	$	-	$	120,000	$	(120,000)	
Total Expenditures	$	246,619	$	95,809	$	582,378	$	(486,569)	
					
Net Change in Fund Balance	$	2,651		$	(139,125)		
					
Fund Balance - Beginning	$	215,169		$	621,485		
					
Fund Balance - Ending	$	217,821		$	482,359		

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/24	Thru 04/30/24	Variance	

Revenues

Developer Contributions	

$	

-	$	

-	$	184	

$	184	
Total Revenues	$	-	$	-	$	184	$	184	

Expenditures:

Capital Outlay - Cost of Issuance	

$	

-	$	

-	$	184	

$	(184)	
Total Expenditures	$	-	$	-	$	184	$	(184)	
					
Net Change in Fund Balance	$	-	$	-		
					
Fund Balance - Beginning	$	-	$	-		
					
Fund Balance - Ending	$	-	$	-		

Revenues									
Assessments	$	-	$	3,689	$	242,961	$	10,477	$	7,213	$	35,332	$	5,645	$	-  $	-  $	-  $	-  $	-  $	305,316	
Developer Contributions	$	15,069	$	11,300	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	26,369	
Total Revenues	$	15,069	$	14,989	$	242,961	$	10,477	$	7,213	$	35,332	$	5,645	$	-  $	-  $	-  $	-  $	-  $	331,684	

Expenditures:									
General & Administrative:									
Supervisor Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	800	$	-  $	-  $	-  $	-  $	-  $	800	
Engineering	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Attorney	$	112	$	339	$	579	$	631	$	77	$	116	$	2,741	$	-  $	-  $	-  $	-  $	-  $	4,595	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Assessment Administration	$	5,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	5,000	
Arbitrage	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Dissemination	$	867	$	417	$	417	$	417	$	417	$	417	$	417	$	-  $	-  $	-  $	-  $	-  $	3,367	
Trustee Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Management Fees	$	3,092	$	3,092	$	3,092	$	3,092	$	3,092	$	3,092	$	3,092	$	-  $	-  $	-  $	-  $	-  $	21,642	
Information Technology	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	-  $	-  $	-  $	-  $	-  $	1,050	
Website Maintenance **	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	-  $	-  $	-  $	-  $	-  $	700	
Postage & Delivery	$	14	$	90	$	22	$	154	$	35	$	11	$	18	$	-  $	-  $	-  $	-  $	-  $	344	
Insurance	$	5,175	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	5,175	
Copies	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Legal Advertising	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Contingency	$	539	$	38	$	39	$	539	$	41	$	41	$	291	$	-  $	-  $	-  $	-  $	-  $	1,526	
Office Supplies	$	1	$	1	$	0	$	1	$	1	$	1	$	0	$	-  $	-  $	-  $	-  $	-  $	4	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	175	
Total General & Administrative:	$	15,224	$	4,226	$	4,398	$	5,082	$	3,912	$	3,926	$	7,609	$	-  $	-  $	-  $	-  $	-  $	44,377	

Operation and Maintenance									
Field Expenses									
Property Insurance	$	8,595	$	-	$	-	$	-	$	-	$	-	$	132	$	-  $	-  $	-  $	-  $	-  $	8,727	
Field Management	$	1,250	$	1,250	$	1,250	$	1,250	$	1,250	$	1,250	$	1,250	$	-  $	-  $	-  $	-  $	-  $	8,750	
Landscape Maintenance	$	3,206	$	3,206	$	3,206	$	3,206	$	3,206	$	3,206	$	3,206	$	-  $	-  $	-  $	-  $	-  $	22,442	
Landscape Replacement	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Lake Maintenance	$	700	$	700	$	700	$	700	$	700	$	700	$	700	$	-  $	-  $	-  $	-  $	-  $	4,900	
Streetlights	$	2,406	$	2,406	$	2,406	$	2,333	$	2,459	$	2,459	$	2,849	$	-  $	-  $	-  $	-  $	-  $	17,319	
Electric	$	33	$	29	$	-	$	0	$	33	$	29	$	28	$	-  $	-  $	-  $	-  $	-  $	153	
Water and Sewer	$	31	$	23	$	25	$	43	$	367	$	25	$	26	$	-  $	-  $	-  $	-  $	-  $	540	
Sidewalk & Asphalt Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Irrigation Repairs	$	-	$	84	$	-	$	-	$	-	$	-	$	120	$	-  $	-  $	-  $	-  $	-  $	204	
General Repairs & Maintenance	$	348	$	-	$	-	$	-	$	190	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	538	
Contingency	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Total Field Expenditures:	$	16,569	$	7,699	$	7,587	$	7,532	$	8,205	$	7,669	$	8,312	$	-  $	-  $	-  $	-  $	-  $	63,572	

Amenity Expenditures									
Amenity - Electric	$	-	$	536	$	501	$	591	$	517	$	453	$	1,004	$	-  $	-  $	-  $	-  $	-  $	3,602	
Amenity - Water	$	1,165	$	454	$	786	$	696	$	393	$	280	$	363	$	-  $	-  $	-  $	-  $	-  $	4,137	
Internet	$	73	$	73	$	73	$	73	$	73	$	100	$	100	$	-  $	-  $	-  $	-  $	-  $	565	
Pest Control	$	240	$	120	$	120	$	120	$	120	$	120	$	120	$	-  $	-  $	-  $	-  $	-  $	960	
Janitorial Service	$	725	$	875	$	725	$	725	$	725	$	725	$	725	$	-  $	-  $	-  $	-  $	-  $	5,225	
Security Services	$	1,332	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	1,332	
Pool Maintenance	$	1,350	$	1,350	$	1,350	$	1,350	$	1,350	$	1,350	$	1,350	$	-  $	-  $	-  $	-  $	-  $	9,450	
Amenity Repairs & Maintenance	$	-	$	-	$	383	$	695	$	-	$	265	$	-	$	-  $	-  $	-  $	-  $	-  $	1,343	
Amenity Access Management	$	417	$	417	$	417	$	417	$	417	$	417	$	417	$	-  $	-  $	-  $	-  $	-  $	2,917	
Contingency	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Total Amenity Expenditures	$	5,302	$	3,824	$	4,355	$	4,667	$	3,594	$	3,710	$	4,079	$	-  $	-  $	-  $	-  $	-  $	29,531	
									
Total Expenditures	$	37,095	$	15,748	$	16,340	$	17,281	$	15,711	$	15,305	$	19,999	$	-  $	-  $	-  $	-  $	-  $	137,480	
									
Excess (Deficiency) of Revenues over Expenditures	$	(22,026)	$	(760)	$	226,621	$	(6,804)	$	(8,499)	$	20,026	$	(14,354)	$	-  $	-  $	-  $	-  $	-  $	194,204	
EAGLE HAMMOCK
Community Development District Long Term Debt Report

SERIES 2021, SPECIAL ASSESSMENT REVENUE BONDS		
INTEREST RATE:	4.375%, 4.875%, 5.375%		
MATURITY DATE:	5/1/2052		
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE		
RESERVE FUND REQUIREMENT	$108,036		
RESERVE FUND BALANCE	$108,036		
BONDS OUTSTANDING - 07/08/2022	$3,800,000		
LESS: Principal Payment - 05/01/23	($55,000)		
LESS: Special Call - 05/01/23	($30,000)		
LESS: Special Call - 08/01/23	($70,000)		
LESS: Special Call - 11/01/23	($365,000)		
LESS: Special Call - 02/01/24	($120,000)		
CURRENT BONDS OUTSTANDING	$3,160,000	
Eagle Hammock
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2024

ON ROLL ASSESSMENTS

Date	Distribution	Gross Amount	Discount/Penalty	Commission	Interest	Property Appraiser	Net Receipts	General Fund	Debt Service	Total	

11/14/23	
10/01/23-1	
$	1,435.05	
$	(57.40)	
$	(27.55)	
$	-	
$	-	
$	1,350.10	
$	823.33	
$	526.77	
$	1,350.10	
11/24/23	11/06/23-1	$	4,994.53	$	(199.79)	$	(95.89)	$	-	$	-	$	4,698.85	$	2,865.48	$	1,833.37	$	4,698.85	
12/8/23	11/13/23-1	$	166,056.01	$	(6,642.45)	$	(3,188.27)	$	-	$	-	$	156,225.29	$	95,270.22	$ 60,955.07	$	156,225.29	
12/21/23	11/23/23-1	$	140,487.81	$	(5,619.69)	$	(2,697.36)	$	-	$	-	$	132,170.76	$	80,601.15	$ 51,569.61	$	132,170.76	
12/29/23	12/01/23-1	$	123,465.71	$	(4,891.28)	$	(2,371.49)	$	-	$	-	$	116,202.94	$	70,863.56	$ 45,339.38	$	116,202.94	
12/31/23	Inv#4652082	$	-	$	-	$	-	$	-	$	(2,414.77)	$	(2,414.77)	$	(1,472.59)	$	(942.18)	$	(2,414.77)	
12/31/23	Inv#4652083	$	-	$	-	$	-	$	-	$	(3,774.18)	$	(3,774.18)	$	(2,301.59)	$  (1,472.59)	$	(3,774.18)	
1/10/24	12/16/23-1	$	16,890.73	$	(506.74)	$	(327.68)	$	-	$	-	$	16,056.31	$	9,791.55	$	6,264.76	$	16,056.31	
1/16/24	10/01/23-1	$	-	$	-	$	-	$	1,123.51	$	-	$	1,123.51	$	685.15	$	438.36	$	1,123.51	
2/9/24	01/01/24-0	$	12,368.30	$	(299.67)	$	(241.37)	$	-	$	-	$	11,827.26	$	7,212.57	$	4,614.69	$	11,827.26	
3/13/24	02/01/24-0	$	59,717.05	$	(597.10)	$	(1,182.40)	$	-	$	-	$	57,937.55	$	35,331.82	$ 22,605.73	$	57,937.55	
4/10/24	03/01/24-0	$	9,516.96	$	(71.36)	$	(188.91)	$	-	$	-	$	9,256.69	$	5,644.97	$	3,611.72	$	9,256.69	
	Total	$	534,932.15	$	(18,885.48)	$  (10,320.92)	$	1,123.51	$	(6,188.95)	$	500,660.31	$ 305,315.62	$ 195,344.69	$	500,660.31	

Section 3
SUPERVISOR OF
ELECTIONS
POLK COUNTY, FLORIDA
Lori Ectwaras

April 19, 2024

Samantha Ham - Recording Secretary Eagle Hammock CDD
219 E. Livingston Street Orlando, Florida 32801-1508

RE: Eagle Hammock Community Development District Registered Voters

Dear Ms. Ham,
In response to your request, there are currently 136 voters within the Eagle Hammock Community Development District. This number of registered voters in said District is as of April 15, 2024.

Please do not hesitate to contact us if we can be of further assistance.

Sincerely,

Lori Edwards Supervisor of Elections Polk County, Florida

P.O. Box 1460, Bartow, FL 33831 • Phone: (863) 534-5888
PolkElections.gov

Para asistencia en Espanol, por favor de llamar al (863) 534-5888